A&P Financial Services joins AppOne platform

November 8, 2011

Wolters Kluwer Financial Services announced that A&P Financial Services, which focuses on initiating financing for marine and powersports dealerships, has joined the AppOne platform.

AppOne automates the indirect lending, credit approval and compliance processes for lenders and the vehicle dealerships with which they work. A&P Financial Services will use AppOne to help simplify the preparation of loan documents, automate credit application processing and connect its dealer customers with lending sources.

“AppOne helps us make loan origination an easier process for our dealer customers,” said Joe Becerra, general manager at A&P Financial Services. “At the same time, it allows us to build relationships with more lending sources, including those that serve the nonprime market, which is important to many of the dealers we work with.”

“Working with A&P Financial Services, we have the opportunity to help more dealerships in the recreational space ease the challenges associated with regulatory compliance, and subsequently close more sales so they can grow their business,” said Jason Marx, vice president and general manager of Indirect Lending and Mortgage at Wolters Kluwer Financial Services.

The company also recently unveiled its Indirect Lending Directory, a listing of lenders that accept and use Wolters Kluwer Financial Services’ retail installment contracts to document the financing of various types of vehicles. The directory of more than 600 lenders was created to help improve indirect lending relationships between dealers and lenders.

With an emphasis in second-chance financing, A&P Financial Services owner Joe Becerra has been able to offer competitive rates to customers in the South Texas region and beyond. Since 2000, A&P Financial Services has offered a multitude of services for F&I products including extended service contracts, tire and wheel protection, theft protection and Gap insurance.